Restoring the Promise
Restoring the Promise

Restoring the Promise

Higher Education in America


416 Pages, 6 x 9

Formats: Hardcover, ebook: EPUB

Hardcover, $28.95 (US $28.95) (CA $38.95)

Publication Date: May 2019

ISBN 9781598133271


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American higher education is increasingly in trouble. Universities are facing an uncertain and unsettling future with free speech suppression, out-of-control Federal student aid programs, soaring administrative costs, and intercollegiate athletics mired in corruption. Restoring the Promise explores these issues and exposes the federal government's role in contributing to them. With up-to-date discussions of the most recent developments on university campuses, this book is the most comprehensive assessment of universities in recent years.


"In his book, Restoring the Promise, Richard Vedder continues in his role as the conscience of modern higher education. Readers will have to determine their own answers, but Dr. Vedder is asking all the right questions." —Mitchell E. Daniels, Jr., President, Purdue University; former Governor, State of Indiana "Richard Vedder is among America's foremost students of higher education. His indictment of America's colleges in his book Restoring the Promise is on the mark and his recommendations thought provoking. Everyone interested in higher education should read and ponder this book." —Benjamin Ginsberg, David Bernstein Professor of Political Science and Chair, Center for Advanced Governmental Studies, Johns Hopkins University; author, The Fall of the Faculty: The Rise of the All-Administrative University and Why it Matters "In his book Restoring the Promise, Richard Vedder pinpoints the issue plaguing higher education early on, identifying the 'precarious position' of higher education as the outgrowth of government—particularly federal—intervention in the sector. That intervention has fueled pernicious regulations and a student loan debt crisis that, cumulatively, exceeds aggregate credit card debt. Moreover, his provocative suggestion that higher education as currently structured 'may exacerbate income inequalities rather than reduce it' will no doubt spur a critical conversation about the efficacy of the American college system moving forward. Fifty-four years of university teaching have made Dr. Vedder uniquely situated to diagnose the many problems plaguing higher education. Restoring the Promise is a must-read for anyone interested in how to address the $1.5 trillion question, improve university efficiency and effectiveness, and who generally appreciates the good-natured wit and insight of Richard Vedder." —Lindsey M. Burke, Director and Will Skillman Fellow in Education Policy; Center for Education Policy; Institute for Family, Community, and Opportunity; Heritage Foundation "Richard Vedder is a major national resource on higher education. No one knows it better-especially what is wrong with it, why and how it got to be wrong, and how and where we might make it right, or at least better. In Restoring the Promise, Vedder chronicles higher education's waste, duplication, overpricing, and broken promises. So much wrong and so many misrepresentations for so much money!! If we want to fix it, his chronicle is a good place to start. Thorough, scholarly, probative and revealing." —William J. Bennett, former Secretary, U.S. Department of Education; former Chairman, National Endowment for the Humanities; author (with David Wilezol), Is College Worth It?A Former United States Secretary of Education and a Liberal Arts Graduate Expose the Broken Promise of Higher Education; editor, The Book of Virtues: A Treasury of Great Moral Stories "At last, Restoring the Promise is a lucid 360-degree examination of the whole of American higher education, sparing no idols. Richard Vedder commands near-encyclopedic knowledge of his subject and he writes with flair. His excellent book is not another sky-is-falling pronouncement of doom on colleges and universities that have become unaffordable, unaccountable, and intellectually mediocre. Rather, he takes the failures one by one and shows how we as a nation could solve them though practical policy choices. Vedder is a distinguished economist and possesses an economist's eye for the trade-offs we inevitably make when we demand a dozen things from colleges and universities besides teaching and research. He asks tough questions, adduces pertinent data, and advances compelling answers. His tone is temperate but his conclusions will surely dismay those who are complacent about how we are preparing the next generation for leadership. This is one of the best books written about higher education in the last quarter-century. The inherited strengths of our system weighed against its flaws, temptations, and co

Author Biography

Richard K. Vedder is Senior Fellow at the Independent Institute and Distinguished Emeritus Professor of Economics at Ohio University. He has been Senior Economist at the U.S. Joint Economic Committee and Visiting Fellow at the Center for the Study of American Business, Washington University. He is the author of Going Broke by Degree: Why College Costs Too Much. His articles have appeared in numerous scholarly journals, the Wall Street Journal, Christian Science Monitor, National Review, Washington Times, and Investor's Business Daily.

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